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Robert Walters publishes Q4 results

 Financial and operational highlights

Gross profit (Net fee income)

Q4 2013

Q4 2012

% change

% change (constant currency*)

 

 

Group

&pound49.7m

&pound47.7m

4%

9%

 

 

Asia Pacific

&pound21.8m

&pound23.5m

(7%)

3%

UK

&pound15.1m

&pound12.8m

18%

N/A

Europe

&pound10.8m

&pound10.1m

7%

3%

Other International

&pound2.0m

&pound1.3m

56%

77%

* Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years.

Net fee income growth, in constant currency, across all of the Group's regions for the fifth successive quarter.

UK continued to perform strongly increasing net fee income by 18% with our regional businesses and Resource Solutions again the standout performers.

 Excellent performance in Japan with the internationalisation of business continuing to drive demand for bilingual professionals.

Australian market conditions remain challenging and the strength of Sterling relative to the Australian dollar has significantly impacted results.

 Solid performance in Europe underpinned by increased activity across Benelux and a robust performance in France.

Another good performance from Other International with our US and South Africa businesses in particular delivering strong growth.

Group headcount stands at 2,307 (31 December 2012: 2,233).

Strong balance sheet with net cash of &pound18.2m as at 31 December 2013 (31 December 2012: &pound12.0m).

The Group will publish its final results for the year ended 31 December 2013 on 3 March 2014.

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